NATWEST GROUP PLC -SPON ADR (NWG) Technical Analysis
NYSE:NWG • US6390572070
Current stock price
NWG Technical Rating and Analysis
We assign a technical rating of 4 out of 10 to NWG. In the last year, NWG was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
- NWG is part of the Banks industry. There are 376 other stocks in this industry, of which 70% are performing better than NWG.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- NWG has an average volume of 4289110 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the performance of all stocks over the past year, NWG turns out to be only a medium performer in the overall market: it outperformed 51% of all stocks.
- NWG is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so NWG is lagging the market.
- In the last month NWG has a been trading in the 14.23 - 17.19 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
NWG Weekly and Daily overview Charts
NWG Setup Rating and Analysis
NWG has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
NWG Support and Resistance Analysis
13.60
2 important support areas can be observed.
- Support @14.27 from a trend line in the weekly time frame.
- A support zone ranging from 13.74 to 13.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 16.59 to 17.16. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @18.23 from a horizontal line in the weekly time frame.
NWG Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for NWG is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NWG is neutral. |
| ChartMill Relative Strength | 51.64 | NEUTRAL | NWG is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NWG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of NWG is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NWG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.39 | NEUTRAL | The RSI value for NWG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests NWG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 56.35 | NEUTRAL | The Stochastics value for NWG is a neutral value. |
| Average True Range in percent/ATR (20) | 2.66 | MEDIUM VOLATILITY | The ATR as a percentage value for NWG suggests some volalility. |
| Average Directional Index/ADX (14) | 18.71 | NEGATIVE | The low ADX value for NWG suggests a weak or negative trend. |
NWG Chart- and CandleStick Pattern Analysis
NWG Technicals: Chart, Performance Metrics, Trend & Indicators
15.97
-0.14 (-0.87%)
NATWEST GROUP PLC -SPON ADR / NWG TA FAQ
Can you provide the ChartMill technical rating for NATWEST GROUP PLC -SPON ADR?
ChartMill assigns a technical rating of 4 / 10 to NWG.
What is the current trend direction of NATWEST GROUP PLC -SPON ADR (NWG) stock?
The current trend direction for NATWEST GROUP PLC -SPON ADR (NWG) is Bullish.
What is the RSI signal for NWG stock?
NATWEST GROUP PLC -SPON ADR (NWG) has an RSI value of 49.3886. This indicates that the stock is currently neutral.
Can you provide the short term momentum for NATWEST GROUP PLC -SPON ADR?
The short term momentum for NATWEST GROUP PLC -SPON ADR (NWG) is neutral.
What are the support and resistance levels for NATWEST GROUP PLC -SPON ADR (NWG) stock?
NATWEST GROUP PLC -SPON ADR (NWG) has a support level at 14.27 and a resistance level at 16.59. Check the full technical report for our detailed analysis of NWG support and resistance levels.